In addition to the breakdown of talks, a management document outlining a scheme for “demolition” of the Hyundai union has surfaced, infuriating members who plan a major demonstration at the auto maker’s headquarters....More
If sales continue at the June/July pace in August, inventory could remain flat or even decline. That could dampen September’s sales somewhat as popular vehicles temporarily will be in short supply....More
The auto maker says demand for its first premium luxury flagship has outstripped supply. A refreshed ’14 model is on sale now with a free valet maintenance service that has been skinned back from five years to three....More
The unexpected compromise by the workers’ union came when both sides publicly acknowledged this week that the auto maker was in very difficult straits and both sides were working for its survival....More
The auto maker needs stocks to remain above the industry average of roughly 80 days, because it has been idling assembly plants to changeover tooling for the ’14 models trickling in to dealers now....More
Positive broad economic indicators underpin GM’s possible change to its forecast of 15.0 million to 15.5 million industry sales this year. However, the fiscal crisis in Washington remains a wild card....More
Demand was particularly strong for the MKZ hybrid, which saw an 11-day turnover compared with 22 days for the standard model. Ford plans to increase the mix to 30% for the ’14 model, which begins production this summer....More
With its allotment of vehicles for U.S. dealers capped at 734,000 units for a second straight year, industrywide growth means the auto maker won’t show a percentage sales gain and its market share will drop, sales chief Bob Pradzinski says....More
Some suppliers are investing in additional facilities because they are confident current production levels will be sustained and because they have exhausted most of their avenues to stretch available...
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